What were the long term effects of the great depression

Answer:

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Explanation:

Obviously, after the Great Depression, a lot of things changed.

There was no money, which meant that people had to look for additional jobs to support their families. However, there weren't new jobs as people were being fired from their old ones so many people were unemployed. The father of the family would often leave to another town in search of work, and if he didn't succeed, families would go bankrupt and had to live on the street. This of course had negative effects on the family.  

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The Great Depression challenged American families in major ways, placing great economic, social, and psychological strains and demands upon families and their members. Families of various class, ethnic, racial, and regional backgrounds, exhibiting various styles of marital and familial relationships, responded in different manners to the stresses and demands placed upon them. In 1933, the average family income had dropped to $1,500, 40 percent less than the 1929 average family income of $2,300. Millions of families lost their savings as numerous banks collapsed in the early 1930s. Unable to make mortgage or rent payments, many were deprived of their homes or were evicted from their apartments. Both working-class and middle-class families were drastically affected by the Depression.

During the height of the Depression, 250,000 teenagers were roaming around America by freight trains. ... Even though these rural African-Americans had known poverty most of their lives, the Great Depression was a hard hit. Their living conditions worsened due to the fact that the farmers they worked for lost their land.

The Great Depression had a significant impact on the people who grew up during that time. The lack of money during their formative years impacted their approach to money and food throughout their lives. So while the effects of the severe economic downturn were strong, they were also long-lasting.